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107
Sep 20, 2011
09/11
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CSPAN
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and the policy question is about the bric's. in the overall context of the global situation, especially in europe, what do you see as the appropriate role of countries such as the bric's, and not necessarily just china, but the other bric's also? >> well, i think one of the great strengths of the world economy, looking forward, is the prospects of a long period of very rapid growth in the major emerging economies, including the ones you referred to -- china, india, brazil, russia. and it's very important that you see -- we want to see that growth happen over a sustained period of time. we will benefit as a country from the realization of those very optimistic long-term growth prospects. we'll export more. we'll see more jobs created in the united states. and we expect to be major beneficiaries as a country of that long boom we're seeing. we want to see them contribute to global growth, and to do so in a way that's more balanced and fair. and they're going to face different policy requirements than we in the united states because
and the policy question is about the bric's. in the overall context of the global situation, especially in europe, what do you see as the appropriate role of countries such as the bric's, and not necessarily just china, but the other bric's also? >> well, i think one of the great strengths of the world economy, looking forward, is the prospects of a long period of very rapid growth in the major emerging economies, including the ones you referred to -- china, india, brazil, russia. and...
123
123
Sep 28, 2011
09/11
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CSPAN
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these are the bric's. and they are not even too great for 2012, but look at the strong performance in these countries. and others worry about those economies, but those countries are driving resources. china is absorbing half of the cement in the world. almost half of the final hour and steel produced in the world. -- iron ore and steel produced in the world. it is the biggest purchaser of aluminum and copper and other materials that often get exported back to us. and this is great, china consumed half of the pigs consumed in the world, and one- third of the eggs produced in the world. it is a very quickly growing economy that is sucking, a lot of the resources and is not far behind india and other countries. with all of the problems in europe, it is still projected to be doing better than the u.s. we should be careful not to be too critical. japan is still struggling, and they had that tsunami and other problems that have added to that. for the u.s., let's look at some of the risks for some of the things
these are the bric's. and they are not even too great for 2012, but look at the strong performance in these countries. and others worry about those economies, but those countries are driving resources. china is absorbing half of the cement in the world. almost half of the final hour and steel produced in the world. -- iron ore and steel produced in the world. it is the biggest purchaser of aluminum and copper and other materials that often get exported back to us. and this is great, china...
158
158
Sep 24, 2011
09/11
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CSPAN
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>> the best role for the bric countries is the best for the other countries, focus on what you can do at home to get through the current financial dangers and move on to long-term growth. the fact emerging markets have provided about half of all the global growth has been a very important contributor to the nation of -- to the nature of recovery. to the chinese question, i said it would be greater to move toward greater domestic demand, balancing the economy, appreciating the currency. in the case of india, india's inflation has been related to some supply-side factors, so the ongoing effort to try and reduce structural barriers to growth would be important. the agricultural sector in india was known for the green revolution and there is probably two potential gains there in terms of productivity side. russia obviously has relied very heavily on energy and the direction the government in terms of trying to have a broader base of reform and structural changes. something that we are involved in through the ifc to put together an investment fund outside the st. petersburg- moscow area co
>> the best role for the bric countries is the best for the other countries, focus on what you can do at home to get through the current financial dangers and move on to long-term growth. the fact emerging markets have provided about half of all the global growth has been a very important contributor to the nation of -- to the nature of recovery. to the chinese question, i said it would be greater to move toward greater domestic demand, balancing the economy, appreciating the currency. in...
139
139
Sep 29, 2011
09/11
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CSPAN
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eye 139
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this is the bric. look at the strong growth. they are not to break even for 2012, but look at the strong performance in these countries. these countries are driving resources. china is absorbing half of the cement that the world produces. almost half of the iron ore and steel produced in the world. it is the biggest purchaser of aluminum and copper and other materials that get exported back to us. this is great. china consumed half of the pig'' produced in the world and one half of the eggs produced in the world. it is a very quickly growing economy that is sucking a lot of resources. it is not far behind india and other countries. look at the united states and europe. oddly enough, with all the problems in europe, it is still projected to be doing better than the united states. we should be careful not to be too critical. japan is still struggling. they had this nominee and other problems which have added to that. for the united states, let's look at some of the risks which make things worse. we have been thinking about this fo
this is the bric. look at the strong growth. they are not to break even for 2012, but look at the strong performance in these countries. these countries are driving resources. china is absorbing half of the cement that the world produces. almost half of the iron ore and steel produced in the world. it is the biggest purchaser of aluminum and copper and other materials that get exported back to us. this is great. china consumed half of the pig'' produced in the world and one half of the eggs...